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1506 Packard St
Ann Arbor, MI 48104
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Proximal to the University of Michigan & Downtown Ann Arbor
- Strong rental demand driven by U of M
- Prime Burns Park location near Packard corridor
Executive Summary
Introducing a prime investment opportunity in the Ann Arbor area! This distinguished property spans across 3,744 square feet and features 6 meticulously designed units. Zoned R4C, this building presents a lucrative prospect for multifamily/high-rise investors seeking to expand their portfolio in a sought-after location. Boasting a rich history and timeless architectural details, this well-maintained property offers a blend of character and modern convenience. With its strategic positioning in the vibrant Ann Arbor area, this property is primed to deliver exceptional value and enduring appeal for investors looking to capitalize on the thriving real estate market.
Property Facts
| Price Per Unit | $247,500 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 3,774 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1924 |
| Apartment Style | Low-Rise | Parking Ratio | 1.59/1,000 SF |
| Building Class | C | ||
| Zoning | R4C | ||
| Price Per Unit | $247,500 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 3,774 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1924 |
| Parking Ratio | 1.59/1,000 SF |
| Zoning | R4C |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
Property Taxes
| Parcel Number | 09-33-328-011 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $641,400 |
Property Taxes
Parcel Number
09-33-328-011
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$641,400
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